The Pakistan Petroleum Dealers Association (PPDA) has announced a nationwide strike on July 5 to protest against the government’s decision to impose a 0.5% advance tax. PPDA chairman Abdul Sami Khan stated that discussions with the government are planned for Monday in Islamabad.
However, if these talks do not produce a satisfactory outcome, petrol stations across Pakistan will close as scheduled. Khan expressed grave concerns about the advance turnover tax, warning that the strike could last longer than a day if necessary.
He urged the government to revoke the tax immediately to prevent severe business disruptions for petrol dealers.
In related news, the federal government recently increased the petrol price by Rs 7.45 per litre, setting the new rate at Rs 265.61 per litre, up from Rs 258.16 per litre.
This increase adds further pressure to the already inflation-burdened public. The price of high-speed diesel (HSD) has also been raised by Rs 9.56, bringing the new cost to Rs 277.45 per litre.
Additionally, the Pakistan Muslim League-Nawaz (PML-N) led federal government has proposed a significant 33% hike in the petroleum levy on petroleum products. They have also suggested a 50% increase in the levy on high-octane, light diesel, and ethanol. If approved, this would result in an additional Rs 50 charge per litre for these fuels.
These changes have sparked widespread concern among the public and business community, as they struggle to cope with rising costs. The PPDA’s planned strike highlights the growing discontent and the need for the government to address the financial burdens faced by both consumers and petrol dealers.
